mrs. peabody sending those. mrs. peabody said take these records home, i'm cleaning out the attic, give your boy something to listen to. my grandfather said choose an album and he went inside and brought the record player out on the back porch and i chose an album, the woman in the photo on the front page of the album was in this glorious costume of color and great array and we put on the album and the sound was like anything i had ever heard before. it was jesse norman singing the last four songs of strauss. absolutely divine. the human voice performing somersaults in mid air. it was my first introduction to opera and i had turned up the volume so loudly that the kids next door, never had experienced anything like this, at most, mrs. rosebud in the church choir singing amazing grace but nothing like this. the kids across the street next door ran over asking what are you listening to. too curious to ridicule, to open to ideas to poke fun, and it was one of those wonderful defining moments when you are introduced to a

mr. peabody is right? matt: the truth is in between.hat we are talking about the new rate hikes in the environment, and it brings uncertainty if you fall from that higher level of growth, so we are entering a new phase where the cost of volatility and interest rates will have a feedback loop. if you move beyond the percent -- three and three and a quarter percent on the 10 year, the feedback self corrects and the growth number start to move lower and yields cannot escape to quickly. jonathan: 3.25%, is that it? matt: it is hard to put an estimate but you probably will see a demand coming on around the premise. jonathan: lori, does that make sense to you? that basically we are topping out further along the curve and the bind comes from pension funds. this is a buy from them, does that make sense? lori: it does, we have been selectively adding two positions here. we could touch three or three and a quarter, but the pressure will be to go lower from there unless we see major inflationary staying and we are not seeing that. the wildcard her

mr. peabody?t: what we are talking about are the negative feedback loops of editing a new environment. you have a higher growth environment, and also brings uncertainty about what if you fall from the higher level of growth? so we enter a new phase where the cost of volatility and interest rates will have a feedback loop. if you move beyond three and three and a quarter percent on the 10 year, the feedback self -- feedback loop self corrects and the growth number start to move lower and yields cannot escape to quickly. 325, is that when it starts to push back in for you? henry: it is hard to put an estimate but you probably will see a demand coming on around the premise. jonathan: lori, does that make sense to you? i spoke to others earlier today and they think that basically we are topping out further along the curve and the bind comes from pension funds. people of the longer horizon of five years this is a buy from , them, does that make sense? lori: it does, we have been adding two positions on

mrs. peabody sent to those take these records home care of the little boy something to listen to my grandfather brought out the record player and i chose the album because the woman on the front was in the glorious costume of color and put on the album and it didn't sound like anything i had ever heard before. it was jesse singing the last four songs of strauss. absolutely divine the human voice doing somersaults in mid air my first introduction to opera and i turned up the volume so loud the kids next door had never experienced anything like this may be at the most amazing grace in church the kids across the street ran over asking what are you going to? too curious to ridicule to open to ideas and it was one of those wonderful defining moments when you are introduced to a new idea behind the guest beyond comprehension changing your life forever. i have said so many of the stories i have met teachers all along the way i went to stanford and went to birmingham because i had a high school teacher who believed i had a great potential to study literature who stayed after school every day to help me

mrs. peabody saint take these records home and give your boy something to listen to. my grandfather said choose an album. and i chose an album because the woman in the florida was in this glorious costume of color and greater array we put on the album and the sound was like anything i had ever heard before. it was jesse norman singing the last four songs of strauss. absolutely divine. the human voice performing some results in midair. it was my first introduction to opera. i turned up the volume so loud that the kids next-door never having experienced anything like this most hearing amazing grace at one or two high octaves. the kids ran over asking what are you listening to. too curious to ridicule, to open to ideas to poke fun. it was a wonderful defining moment when you look at the comprehension that changes your life forever. for me tell so many of these stories. had teachers along the way i went from stanford university because a high school teacher who believes i had a great potential to study literature and she stayed after school to help me. i got a scholarship

mr. roosevelt bought the place in 1926. and turned into a private foundation. a it was able to hire real staff. they came from peabodyollege in nashville. at that he was this close to being able to walk with just a cane. and then the democratic party came calling for him. how smith mrs. roosevelt's dear friend was running for president and they felt like he needed new york to help him he would be good to have a strong democrat running for governor of new york. he was talked into it. i was not happy about it. he was elected. unfortunately mr. smith lost. that march mr. hoover took office promising a chicken in every pot. and he was here to stay and poverty was about to be wiped out in the united states and then late that october. the stock market crash. we found ourselves in this great depression. mr. hoover did a few things here and there. he liked to appoint commissions. to look into the causes of the great depression and how to address them and whether it was time to repeal it or do something to make it work so we didn't have criminals shooting each other over their beer wagons. he ignored their recommendations. an

convention and ran into an old harvard classmate, george peabody, he was from colombia and part of old resort in springs called the mary inn and told mr. roosevelt of a young man who had had polio and come in and exercised in the warm mineral springs at warm springs and had finally been able to walk with a cane. he often said to me and to others, if a man is going to run for office he has to be able to walk first. he had been using crutches, those were medical device, but a cane, that could be fashion accessory, that october he loaded me and wife eleanor and valet roy jones who helped him get about and we went all the way from new york down to piney words of georgia and i must say, it was a bit of a shock, there was very little electricity and what there was was quite expensive. not much phone service, not much indoor plumbing, no paveed roads within 10 miles but for mrs. roosevelt i think the last straw was the day we went to get some chicken for super and found out that we had to buy the chicken on the hoof. [laughter] >> we brought the chickens back on the car and gave them to cook and she prepared the chickens for supper, mrs. roo